Alcoa Corporation (NYSE:AA) BofA Securities 2024 Global Metals, Mining & Steel Conference Transcript May 14, 2024 3:00 AM ET Executives Bill Oplinger - President and CEO Analysts James Hetherington - Bank of America, Australian Sales Desk James Hetherington My name is James Hetherington, I’m from BofA’s Australian Sales Desk. It’s my great pleasure to introduce this afternoon Bill Oplinger, President and CEO of Alcoa Corp. As most of you will know, Bill has performed a number of roles at Alcoa over the past ...

The materials sector, which encompasses companies producing raw materials and basic resources, has recently been on a rollercoaster ride. While the sector benefited from the post-pandemic economic recovery and increased demand for commodities, the tides have started to turn for these materials stocks to sell.As we traverse through May, several warning signs are flashing red for materials stocks. Firstly, interest rates have reached record highs, with the Federal Reserve not backing down on lowering rates fo ...

Alcoa Corp (NYSE:AA) stock is down 3.1% to trade at $36.41 at last check, looking to snap a four-day win streak as it pulls back from an April 29, 52-week high of $38.20. The 40-day moving average and $34 region contained this recent pullback, however, and the shares now look ready to bounce, according to a historically bullish signal.Specifically, the equity's recent peak comes amid historically low implied volatility (IV), which has been a bullish combination for Alcoa stock in the past. According to data ...

Key PointsDespite recent disappointing economic data, the metals sector is quickly becoming a breakout story. Regarding stock selection, investors should keep double-digit EPS growth front and center. Three stocks stand out with their bullish price action and EPS projections justifying their premium valuations.5 stocks we like better than AlcoaThe U.S. economy is pivoting into a new path for the year. After briefly jumping into its first expansionary reading in more than a year and a half, the ISM manufactu ...

For the Quarterly Period Ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to _____ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-37816 ALCOA CORPORATION (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of ...

Alcoa (AA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this bauxite, alumina and aluminum products company have returned +10.7% over the past month versus the Zacks S&P 500 composite's -2.5% change. The Zacks Metal Products - Distribution industry, to which Alcoa belongs, has gained 5.4% over this period. Now the key question is: Where could the stock be headed in ...

Alcoa Corp (NYSE:AA) stock is up 1.7% to trade at $35.86 this morning, after Morgan Stanley issued an upgrade to "equal weight" from "underweight," to go with a price-target hike to $36.50 from $28.50. The analyst in coverage praised  the aluminum producer's risk-reward backdrop, profitability, and potential upside stemming from the Inflation Reduction Act. Alcoa stock has spent most of April trading in a tight range, with its 20-day moving average containing any serious pullbacks. If the shares can ever ge ...

Steel stocks have been in focus this week as President Joe Biden has shifted focus to the industry. On April 17, the White House announced plans to enact further tariffs on Chinese-imported steel. In a move intended to safeguard domestic steel and shipbuilding interests from Chinese competitors, Biden is planning to triple the tariffs levied against steel and aluminum imported from China. He recently traveled to Pittsburgh and spoke at the United Steelworkers headquarters, laying out his plans for spurring ...

Key PointsAs China tariffs are proposed, the U.S. government is looking to onshore some steel and aluminum manufacturing stocks. Wall Street is well aware of a new manufacturing breakout in the economy. Three stocks stand out as top picks, with analysts and institutions behind them.5 stocks we like better than Industrial Select Sector SPDR FundA new business cycle is underway for the United States economy, and the manufacturing sector could be in play. This time, it isn't only Wall Street pushing the bets f ...

Alcoa (AA) reported $2.6 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 2.7%. EPS of -$0.81 for the same period compares to -$0.23 a year ago.The reported revenue represents a surprise of +3.14% over the Zacks Consensus Estimate of $2.52 billion. With the consensus EPS estimate being -$0.62, the EPS surprise was -30.65%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expecta ...